Featured Bribery & Corruption

Ex-bank owner jailed over billion-dollar money laundering scam

A former owner of Banco Peravia bank in the Dominican Republic has been sentenced to three years in prison for his role in a billion-dollar money laundering scheme involving currency exchange. Gabriel Arturo Jimenez Aray (Jimenez), 50, a Venezuelan citizen residing in the US, and former owner of Banco Peravia… Read More

Venezuela ex-treasurer who took $1 billion in bribes sentenced to 10 years

Venezuela’s former national treasurer, who received over $1 billion (785.11 million pounds) in bribes as part of illicit foreign currency operations, was sentenced by a U.S. judge on Tuesday to 10 years in prison, court records showed. Alejandro Andrade, who ran the treasury for four years under late socialist leader… Read More

Trial witness describes El Chapo’s lavish lifestyle

AP — Mexican drug lord Joaquin “El Chapo” Guzman was so rich, he had a private zoo where big cats roamed. So rich, he bought a $10 million beach house. And so rich, he traveled to Switzerland for an anti-aging treatment. Guzman’s excesses were detailed at… Read More
4th December 2018
A former owner of Banco Peravia bank in the Dominican Republic has been sentenced to three years in prison for his role in a billion-dollar money laundering scheme involving currency exchange. Gabriel Arturo Jimenez Aray (Jimenez), 50, a Venezuelan citizen residing in the US, and former owner of Banco Peravia… Read More
28th November 2018
Venezuela’s former national treasurer, who received over $1 billion (785.11 million pounds) in bribes as part of illicit foreign currency operations, was sentenced by a U.S. judge on Tuesday to 10 years in prison, court records showed. Alejandro Andrade, who ran the treasury for four years under late socialist leader… Read More
28th November 2018
AP — Mexican drug lord Joaquin “El Chapo” Guzman was so rich, he had a private zoo where big cats roamed. So rich, he bought a $10 million beach house. And so rich, he traveled to Switzerland for an anti-aging treatment. Guzman’s excesses were detailed at… Read More
27th November 2018
Joaquin “El Chapo” Guzman was “the boss” of Mexico’s Sinaloa Cartel, a witness told jurors in the accused Mexican drug lord’s trial in Brooklyn federal court on Monday, contradicting the claim by Guzman’s lawyers that his dominance of the drug trade was a myth. Miguel Angel Martinez, who described himself… Read More
27th November 2018
AP — Brazil’s federal police issued 22 arrest warrants Friday as part of a probe into a corruption and money laundering scheme involving construction of the new headquarters of the state oil company in the northeastern city of Salvador. Police said they had arrested 17 people… Read More
26th November 2018
AP – Anti-Mafia authorities in Sicily on the trail of the No. 1 fugitive Mafia boss have confiscated 1.5 billion euros ($1.67 billion) in property. The seizure of tourist resorts, a 21-meter (70-foot) yacht, companies and other property Saturday was called one of the biggest hauls… Read More
26th November 2018
Portugal promised on Friday to help the government of Angola repatriate funds obtained through corruption and deposited in the Iberian country, as Luanda steps up its drive to clamp down on alleged fraud by the previous administration. Many rich Angolans live or own property in Portugal, its former colonial master,… Read More
22nd November 2018
AP — The credibility of FIFA’s reshaped ethics committee took a hit Wednesday after a leading judge was arrested on suspicion of corruption in Malaysia and later removed as deputy chairman. Sundra Rajoo has been taken off cases while under investigation by the Malaysian Anti-Corruption Commission for financial wrongdoing in… Read More
21st November 2018
AP — Israeli police on Tuesday recommended charges be brought against the interior minister in a major corruption case. Police spokesman Micky Rosenfeld said there is an “evidentiary basis” that Aryeh Deri committed fraud and breach of trust, as well as millions of shekels in tax offenses and money… Read More
20th November 2018
South Africa’s main opposition party has called for an independent inquiry into a $36,000 payment made to a fund that financed President Cyril Ramaphosa’s successful campaign for leader of the African National Congress last year. Ramaphosa, who has staked his reputation on rooting out corruption, told lawmakers this month that… Read More
Must Read

FATF publishes assessment of UK anti-money laundering, counter terror financing systems

A global anti-money laundering (AML) watchdog has found that the United Kingdom has a ‘robust understanding’ of laundering and terrorism financing threats, but warned it faces significant risks of dirty cash inflows from offshore jurisdictions and foreign criminals. The Financial Action Task Force (FATF) said Britain’s ‘strong’ public-private partnerships are… Read More

Deutsche Bank hit by new laundering report; shares slide again

Deutsche Bank (DBKGn.DE) defended its record in fighting money laundering on Thursday after the Financial Times reported it had processed 31 billion euros ($35 billion) more in questionable funds for Danske Bank (DANSKE.CO) than previously thought. A Deutsche Bank spokesman declined to comment on the FT article. He said, however,… Read More